Several listed companies are scheduled to mark record dates this week for corporate actions including a share buyback, interim dividends, and a bonus issue. These record dates determine shareholder eligibility for the announced actions. The key developments involving eClerx Services, Indian Oil Corporation, Can Fin Homes, and Dr. Lal Pathlabs are outlined below.
eClerx Services: Share Buyback Record Date on December 17
eClerx Services has announced a share buyback of up to 6.66 lakh equity shares, with an aggregate value of ₹300 crore. The buyback price has been fixed at ₹4,500 per share. The company has stated that promoters will not participate in the buyback.
The record date for determining eligible shareholders is Wednesday, December 17. Investors holding eClerx shares in their demat accounts as of December 16 will be eligible to participate in the buyback.
Indian Oil Corporation: Interim Dividend Record Date on December 18
Indian Oil Corporation has declared an interim dividend of ₹5 per equity share. The company expects dividend payouts to be distributed to a large base of retail shareholders.
The record date for identifying shareholders eligible to receive the interim dividend has been set as Thursday, December 18.
Can Fin Homes: Interim Dividend Consideration
Can Fin Homes has scheduled a board meeting to consider the declaration of an interim dividend. Subject to approval by the board, the company has fixed Friday, December 19 as the record date for determining eligible shareholders.
Further details regarding the dividend amount will be announced following the board’s decision.
Dr. Lal Pathlabs: Bonus Issue Record Date on December 19
Dr. Lal Pathlabs has announced its first bonus issue, approving the issuance of one bonus equity share for every one existing equity share held. The bonus issue was announced earlier on October 31.
The record date for the bonus issue has been fixed as Friday, December 19. Shareholders holding the company’s shares in their demat accounts as of December 18 will be eligible to receive the bonus shares.
Summary
During the week of December 15 to December 19, shareholders of four listed companies will see record dates for different corporate actions, including a buyback, dividend distributions, and a bonus issue. These record dates play a key role in determining investor eligibility for the respective benefits announced by the companies.
Disclaimer:
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